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Indian Council for Research on International Economic Relations Indian Council for Research on International Economic Relations India Habitat Centre, Core-6A, 4th Floor, Lodhi Road, New Delhi-110003, India. Tel: +91 11 43112400 | Fax: +91 11 24620180 E-mail: [email protected] | Website: www.icrier.org ANNUAL REPORT 2012-13 Linking India with the World ICRIER Indian Council for Research on International Economic Relations Annual Report 2012-13 Table of Contents Foreword by the Chairperson 6 Board of Governors 8 Management Committees 9 Founder Members and Life Members 10 Director’s Report 11 Abbreviations 14 ICRIER’s Research Activities 19 Research Projects 19 Public Lectures and Discussions 46 Conferences and Workshops 48 Seminars 64 International Networking 83 Book/Report Releases 84 Publications 86 Books 86 Report 86 Working Papers 87 Wadhwani Chair: Issue Briefs and India-US Insight Series 87 Acknowledgements 88 ICRIER Team 89 Faculty Activities 92 Audited Annual Accounts 106 ICRIER Donors 113 About ICRIER 114 Annual Report 2012-13 Foreword by the Chairperson Government of India, this programme focuses on research in a number of critical themes of urbanisation in India by in-house researchers as well as external experts with a view to placing the debate on urbanisation within the overall economic policy discourse on the Indian economy. A parallel programme of capacity building on urbanisation has received strong support from state governments. A very important area of growing importance in the years to come is the impact of climate change on competitiveness of cities. Research in this field at ICRIER is being funded by the Rockefeller Foundation. The programme is led by Professor Meenu Tewari, HUDCO Chair at ICRIER. In its second year, the HUDCO Chair has focused research on the quality of public service delivery in cities. This research has strong synergies with ICRIER has continued to provide policy support through research on urbanisation at ICRIER. research and knowledge sharing in the demanding economic environment of 2012-13. Research at ICRIER’s long standing emphasis on South Asian ICRIER has addressed the challenges of improving economic integration has provided key policy inputs to the competitiveness of the Indian economy through governments in the South Asia region – particularly in domestic policy reform, stabilising the macroeconomic the bilateral trade dialogue between India and Pakistan. environment, and providing research support for The ongoing study “Strengthening Research and building an external economic environment which is Promoting Multi-level Dialogue for Trade Normalisation conducive to India’s economic agenda. The challenges between India and Pakistan” under the leadership of urbanisation, climate change, skill development, and of Professor Nisha Taneja has generated several institutional reform have been added as new areas of high-level exchanges between the two countries and kept research at ICRIER. the dialogue open despite a challenging overall environment. Bilateral economic relations are also A study commissioned by the Department of Commerce, being strengthened through research and seminars on Ministry of Commerce & Industry, Government of Korea and Japan. ICRIER hosted a two-day international India this year on Special Economic Zones (SEZ) and conference at New Delhi on the theme “The Changing led by Professor Arpita Mukherjee, is at the heart of Paradigm of India-Japan Relations”, which was domestic reform and competitiveness. Some of the other inaugurated by Mr. Salman Khurshid, Minister for ongoing studies that reinforce our attention to domestic External Affairs, Government of India. policy reform and competitiveness, focus on measuring competitiveness of Indian agriculture, estimating the Research under the G20 programme has continued compliance cost of direct taxes in India and assessing to constitute a major part of ICRIER’s international the implications of rationalising fossil-fuel subsidies economic research agenda during the year. The G20 in India. programme funded by the Department of Economic Affairs, Ministry of Finance, Government of India and Last year, ICRIER launched a major programme on led by Dr. Rajat Kathuria completed its second phase, urbanisation under my personal guidance in an honorary studying and analysing issues that were the subject of capacity. Funded by the Ministry of Urban Development, discussion in the G20 inter-governmental deliberations. || 6 || ICRIER also organised the fifth annual international event of ICRIER, will be delivered by Nobel Laureate conference on the major policy concerns of G20 Professor A. Michael Spence on November 21, 2013. countries. Dr. Rajat Kathuria represented ICRIER in the ICRIER will also host the annual Neemrana conference Think-20 meetings in Moscow held on the sidelines of jointly with the National Bureau of Economic Research the G20 Leaders Summit in December 2012. Looking (NBER) in December 2013. No doubt our plate is ahead, ICRIER is engaging with the Lowy Institute in full, but I am convinced that with the support of our Sydney on research cooperation in the G20 agenda as well-wishers, we at ICRIER will achieve our ambitious Australia assumes the Presidency of the G20 next year. targets in the coming years. The coming two years are crucial for ICRIER as we set out to construct and occupy new premises in Saket, New Delhi. The change will be accompanied by expansion in the number of researchers and administrative Isher Judge Ahluwalia support staff and also an increase in research activity. Chairperson, ICRIER The fifth Dr. K. B. Lall Memorial Lecture, a flagship || 7 || Annual Report 2012-13 Board of Governors Chairperson Dr. Isher Judge Ahluwalia Dr. Raghuram G. Rajan 32, Aurangzeb Road, New Delhi - 110 011 Chief Economic Adviser Ministry of Finance Elected Members Government of India, Room No. 39A, North Block New Delhi 110 001 Mr. Tarun Das Founding Trustee, Mr. N. K. Singh Aspen Institute, India Member of Parliament, Rajya Sabha 102-B, Beverly Park-I, Mehrauli - Gurgaon Road, House No. 7, South Avenue, New Delhi - 110 001 Gurgaon - 122 009 Mr. Malvinder Mohan Singh Ms. Janaki Kathpalia Group Chairman Former Additional Secretary Religare & Fortis Healthcare Ministry of Finance, Government of India 1, South End Lane, New Delhi - 110 011 D-935, New Friends Colony, New Delhi - 110 065 Co-opted Members Dr. Vijay Laxman Kelkar Non-Executive Chairman Dr. Kiran Mazumdar Shaw National Stock Exchange of India Ltd. Chairman & Managing Director A-701, Blossom Boulevard, Plot No. 421, Biocon Ltd., 20th KM, Hosur Road, Electronics City South Main Road, Koregaon Park, Pune - 411 001 Bengaluru - 560 100 Ms. Chanda Kochhar Mr. Nitin Desai Managing Director & Chief Executive Officer Honorary Professor, ICRIER & ICICI Bank Ltd., ICICI Bank Tower, Former Under Secretary General, United Nations Bandra-Kurla Complex, Mumbai - 400 051 B-63, Defence Colony (First Floor), New Delhi - 110 024 Mr. Uday S. Kotak Vice Chairman & Managing Director Mr. Ashok Jha Kotak Mahindra Bank Ltd. Chairman Bakhtawar, 2nd Floor, 229, Nariman Point, MCX Stock Exchange Ltd., 501-505, 5th Floor, Mumbai - 400 021 Babar Road, Connaught Place, New Delhi - 110 001 Mr. Anand G. Mahindra Member-Secretary Chairman & Managing Director Mahindra & Mahindra Ltd. Dr. Rajat Kathuria Gateway Building, Apollo Bunder, Mumbai - 400 001 Director & Chief Executive, ICRIER Core 6-A, 4th Floor, India Habitat Centre, Mr. Nandan M. Nilekani Lodhi Road, New Delhi - 110 003 Chairman Unique Identification Authority of India, Room No.125, Planning Commission Yojana Bhavan, Parliament Street, New Delhi - 110 001 || 8 || Management Committees Executive-cum-Finance Committee Dr. Isher Judge Ahluwalia : Chairperson Mr. Tarun Das : Member Ms. Janaki Kathpalia : Member Mr. N. K. Singh : Member Dr. Rajat Kathuria : Member-Secretary Investment Committee Mr. Uday S. Kotak : Chairman Ms. Janaki Kathpalia : Member Ms. Chanda Kochhar : Member Dr. Rajat Kathuria : Member-Secretary Establishment Sub-Committee Mr. N. K. Singh : Chairman Ms. Janaki Kathpalia : Member Dr. Rajat Kathuria : Member-Secretary || 9 || Annual Report 2012-13 Founder Members and Life Members Founder Members Late Founder Members Life Members 1. Dr. Montek Singh Ahluwalia 36. Malcolm S. Adiseshiah 1. Dr. Shankar Acharya 2. Dr. Jagdish Bhagwati 37. Mr. M. C. Bhatt 2. Dr. Isher Judge Ahluwalia 3. Mr. K. K. Bhargava 38. Mr. Brij Bhushan 3. Mr. Mukesh D. Ambani 4. Mr. I. S. Chadha 39. Dr. Sukhamoy Chakravorty 4. Mr. J. S. Baijal 5. Mr. K. L. Dalal 40. Mr. Khub Chand 5. Mr. Jagmohan Lal Bajaj 6. Mr. B. S. Das 41. Mr. B. K. Chatterjee 6. Mr. Surjit S. Bhalla 7. Mr. Ashok V. Desai 42. Dr. R. J. Chelliah 7. Mr. Y. C. Deveshwar 8. Mr. Nitin Desai 43. Mr. P. K. Dave 8. Mr. Jamshyd Godrej 9. Mr. M. Dubey 44. Professor P. N. Dhar 9. Ms. Lalita D. Gupte 10. Mr. R. S. Gae 45. Mr. L. K. Jha 10. Mr. Anwarul Hoda 11. Dr. S. P. Gupta 46. Mr. P. K. Kaul 11. Dr. Bimal Jalan 12. Mr. R. M. Honavar 47. Dr. A. M. Khusro 12. Mr. K. V. Kamath 13. Mr. B. D. Jayal 48. Mr. Raj Krishna 13. Dr. Vijay Kelkar 14. Mr. S. V. S. Juneja 49. Mr. Lovraj Kumar 14. Mr. Uday S. Kotak 15. Dr. Rajni Kothari 50. Mr. Suresh Kumar 15. Dr. Rajiv Kumar 16. Mrs. Anna R. Malhotra 51. Mr. K. B. Lall 16. Mr. Darshan Lal 17. Dr. Suman K. Modwel 52. Mr. Sanjaya Lall 17. Dr. Deepak Lal 18. Mr. P. K. Nanda 53. Mr. R. N. Malhotra 18. Dr. Rajiv B. Lall 19. Mr. N. C. B. Nath 54. Mr. S. S. Marathe 19. Mr. Arun Maira 20. Mr. P. C. Nayak 55. Mr. Govind Narain 20. Mr. Raghunandan D. Maluste 21. Dr. Deepak Nayyar 56. Mr. Fredie A. Mehta 21. Dr. R. A. Mashelkar 22. Dr. V. R. Panchamukhi 57. Mr. B. K. Nehru 22. Mr. Aman Mehta 23. Mr. Vijay G. Pande 58. Mr. I. G. Patel 23. Dr. Rakesh Mohan 24. Mr. R. D.
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